Recent Commentary

MMA Muni Outlook, April 2012

GAIN INSIGHT ON HOW TO NAVIGATE THE COMPLEX MUNICIPAL BOND MARKET

Market Summary
MUNICIPAL PERFORMANCE FOLLOWED APRIL FORM
After the March Non-farm payroll report was released on April 6, the MMA municipal price index returned to a positive trend and sustained a constructive tone until the end of the month, when the Index fell to neutral. Nonetheless, MMA’s price index posted a gain in excess of 1.5%, consistent with the month’s historical bias since 2002.